The Sunday Times - More mortgages for first-time buyers — but rates are still high
The number of mortgages for borrowers with a small deposit is near a five-year high, but first-time buyers are still suffering from inflated interest rates.
Aaron Strutt from the mortgage broker Trinity Financial told The Sunday Times: “It is very welcome news that there are more low-deposit mortgages available. There are many people renting or living with their parents who want to buy this year, but don’t think there are options available for them because they don’t have a huge deposit.”
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